Battalion Oil Corporation
US ˙ NYSEAM ˙ US07134L1070

Introduction

This page provides a comprehensive analysis of the known insider trading history of Charles E III Cusack. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Charles E III Cusack has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HK / Halcon Resources Corporation EVP, Chief Operating Officer 185,156
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Charles E III Cusack. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases BATL / Battalion Oil Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BATL / Battalion Oil Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2015-12-18 HK Cusack Charles E III 100,000 0.2583 100,000 0.2583 25,830 224
2015-09-01 HK Cusack Charles E III 50,000 1.0500 50,000 1.0500 52,500
2014-12-05 HK Cusack Charles E III 40,000 1.6100 40,000 1.6100 64,400
2014-11-28 HK Cusack Charles E III 20,000 2.6303 20,000 2.6303 52,606
2014-11-28 HK Cusack Charles E III 20,000 2.2990 20,000 2.2990 45,980
2014-11-12 HK Cusack Charles E III 30,000 3.0300 30,000 3.0300 90,900
2013-12-05 HK Cusack Charles E III 3,427 4.0000 3,427 4.0000 13,708
2013-12-04 HK Cusack Charles E III 36,573 3.7900 36,573 3.7900 138,612
2013-11-19 HK Cusack Charles E III 20,000 4.2300 20,000 4.2300 84,600
2013-11-07 HK Cusack Charles E III 20,000 4.5500 20,000 4.5500 91,000
2013-11-06 HK Cusack Charles E III 20,000 4.7500 20,000 4.7500 95,000
2013-08-20 HK Cusack Charles E III 20,000 4.8400 20,000 4.8400 96,800
2013-08-20 HK Cusack Charles E III 20,000 4.8800 20,000 4.8800 97,600
2013-08-08 HK Cusack Charles E III 20,000 5.1000 20,000 5.1000 102,000
2013-06-13 HK Cusack Charles E III 19,369 5.0500 19,369 5.0500 97,813
2013-06-13 HK Cusack Charles E III 431 5.0450 431 5.0450 2,174
2013-06-13 HK Cusack Charles E III 200 5.0480 200 5.0480 1,010
2012-11-09 HK Cusack Charles E III 20,000 5.5700 20,000 5.5700 111,400

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BATL / Battalion Oil Corporation Insider Trades
Insider Sales BATL / Battalion Oil Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BATL / Battalion Oil Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BATL / Battalion Oil Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Charles E III Cusack as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2016-03-03 2016-03-01 4 HK HALCON RESOURCES CORP
Common Stock 		F - Taxes -1,308 185,156 -0.70 0.55 -719 101,836
2016-03-03 2016-03-01 4 HK HALCON RESOURCES CORP
Common Stock 		F - Taxes -7,153 186,464 -3.69 0.55 -3,934 102,555
2016-03-01 2016-02-28 4 HK HALCON RESOURCES CORP
Common Stock 		F - Taxes -1,494 193,617 -0.77 0.49 -734 95,085
2016-03-01 2016-02-27 4 HK HALCON RESOURCES CORP
Common Stock 		F - Taxes -1,308 195,111 -0.67 0.49 -642 95,819
2016-03-01 2016-02-26 4 HK HALCON RESOURCES CORP
Common Stock 		F - Taxes -3,576 196,419 -1.79 0.49 -1,756 96,461
2015-12-21 2015-12-18 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 100,000 999,954 11.11 0.26 25,830 258,288
2015-09-02 2015-09-01 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 50,000 899,954 5.88 1.05 52,500 944,952
2015-03-24 2015-03-02 4/A HK HALCON RESOURCES CORP
Common Stock 		J - Other 741 848,711 0.09
2015-03-24 2015-02-26 4/A HK HALCON RESOURCES CORP
Common Stock 		A - Award 164,319 847,970 24.04
2015-03-02 2015-03-02 4 HK HALCON RESOURCES CORP
Common Stock 		J - Other 741 845,284 0.09
2015-03-02 2015-02-26 4 HK HALCON RESOURCES CORP
Employee Stock Options (Right to buy) 		A - Award 385,463 385,463
2015-03-02 2015-02-26 4 HK HALCON RESOURCES CORP
Common Stock 		A - Award 164,319 844,543 24.16
2014-12-08 2014-12-05 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 40,000 683,651 6.21 1.61 64,400 1,100,678
2014-12-01 2014-11-28 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 643,651 3.21 2.30 45,980 1,479,754
2014-12-01 2014-11-28 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 623,651 3.31 2.63 52,606 1,640,389
2014-11-12 2014-11-12 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 30,000 603,651 5.23 3.03 90,900 1,829,063
2014-03-03 2014-02-27 4 HK HALCON RESOURCES CORP
Performance Share Units 		A - Award 180,368 180,368
2014-03-03 2014-02-27 4 HK HALCON RESOURCES CORP
Common Stock 		A - Award 60,123 572,707 11.73
2013-12-06 2013-12-05 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 3,427 512,584 0.67 4.00 13,708 2,050,336
2013-12-06 2013-12-04 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 36,573 509,157 7.74 3.79 138,612 1,929,705
2013-11-20 2013-11-19 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 472,240 4.42 4.23 84,600 1,997,575
2013-11-12 2013-11-07 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 452,240 4.63 4.55 91,000 2,057,692
2013-11-06 2013-11-06 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 432,240 4.85 4.75 95,000 2,053,140
2013-08-20 2013-08-20 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 23,334 599.88 4.88 97,600 113,870
2013-08-20 2013-08-20 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 411,993 5.10 4.84 96,800 1,994,046
2013-08-09 2013-08-08 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 391,993 5.38 5.10 102,000 1,999,164
2013-06-17 2013-06-13 4 HK HALCON RESOURCES CORP
Series A Convertible Preferred Stock 		P - Purchase 100 100 1,000.00 100,000 100,000
2013-06-13 2013-06-13 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 200 20,000 1.01 5.05 1,010 100,960
2013-06-13 2013-06-13 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 431 19,800 2.23 5.04 2,174 99,891
2013-06-13 2013-06-13 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 19,369 19,369 5.05 97,813 97,813
2013-03-04 2013-02-28 4 HK HALCON RESOURCES CORP
Employee Stock Options (Right to buy) 		A - Award 166,800 166,800
2013-03-04 2013-02-28 4 HK HALCON RESOURCES CORP
Common Stock 		A - Award 68,660 371,993 22.64
2013-03-04 3/A HK HALCON RESOURCES CORP
Common Stock 		3,334
2012-11-13 2012-11-09 4 HK HALCON RESOURCES CORP
Common Stock 		P - Purchase 20,000 303,333 7.06 5.57 111,400 1,689,565
2012-11-09 2012-11-08 4 HK HALCON RESOURCES CORP
Employee Stock Option (Right to buy) 		A - Award 35,000 35,000
2012-11-09 2012-11-08 4 HK HALCON RESOURCES CORP
Common Stock 		A - Award 10,000 283,333 3.66
2012-11-09 3 HK HALCON RESOURCES CORP
Common Stock 		273,333
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)